Category Archive: 6b.) Mises.org

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Trump Cannot Allow a Declining Europe to Drag the US Down

2025-02-20

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2025-02-20

What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property...

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How Tariffs Block Entrepreneurial Discovery and Stall Progress

2025-02-20

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2025-02-20

The standard economic argument against tariffs is that, by eliminating foreign competition, they simply raise prices for consumers. While true, this argument barely scratches the surface of the problem and overlooks a critical reality: tariffs and protectionist policies do far more than just raise prices—they block the entrepreneurial discovery process that is essential for progress.The problem with this perspective is that it is rooted in a static...

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Subprime Redux: Commercial Real Estate Bond Distress Hits Another Record High

2025-02-20

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2025-02-20

At the end of Q4 2024, commercial real estate continued to exhibit severe weakness, with commercial real estate bonds hitting record distress levels, surpassing the previous records reached in Q3 2024. Commercial real estate bonds are just commercial real estate loans packaged into securities and sold to investors. One category of bonds, commercial mortgage-backed securities (“CMBS”), saw their distress rate increase to 10.6 percent, a fourth...

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External Revenue or Protectionism: A Tariff Can’t be Both

2025-02-20

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2025-02-20

One of President Trump’s proposals for his new term is to abolish the federal income tax and replace it with tariffs as the primary revenue source for the US federal government. In a brilliant rhetorical move, he suggests implementing this through abolishing the Internal Revenue Service and replacing it with the “External Revenue Service,” claiming that the tariffs collected by this new agency would be financed by foreigners rather than Americans....

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Decoupling America’s AI Capabilities from China Act: Another Overstep

2025-02-20

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2025-02-20

The Decoupling America’s Artificial Intelligence Capabilities from China Act—introduced by Senator Josh Hawley, R-Mo.—is another attempt to stifle free speech, the free market, infringe on personal freedoms, and damage market processes.Senator Hawley, who introduced the legislation, said growing concerns over the threat from China’s development of AI warranted the proposal. The new bill would ban US persons from interacting with Chinese AI...

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Trump Is Doing a Public Service by Turning the DOJ Upside Down

2025-02-19

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2025-02-19

During his presidential campaign, Donald Trump said he would be turning things upside down, and he has kept his promises. All one has to do is to read the latest edition of the New York Times to see how the progressive wing of the Democratic Party is responding: rage, rage, and more rage, as the following editorial declares:President Trump’s determination to bend the American justice system to his will, combined with his broad tolerance for...

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When Ulysses S. Grant Tried to Annex the Dominican Republic

2025-02-19

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2025-02-19

In his Tuesday article on Trump’s bizarre and immoral Palestine plan, Tom DiLorenzo connects the plan to President Lincoln’s obsession with deporting the black population of the United States to a “colony” in Africa or Central America. There is an interesting postscript to all this in the form of the Grant administration’s attempt to annex Santo Domingo, what is today known as the Dominican Republic. As DiLorenzo notes, Lincoln was personally...

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Class Warfare: The Exploitation of Taxpayers by Federal Workers

2025-02-19

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2025-02-19

“Workers across the country responded with anger and confusion,” the Associated Press reported last week, in response to the Trump administration’s layoffs of probationary workers. CBS News tells us “federal workers express shock, anger over mass firings,” and The New York Times writes that federal works face “sleeplessness, anger and tears.” Some workers launched lawsuits against the Trump administration. Others went on legacy media television...

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Investment is Best Left to Private Enterprise

2025-02-19

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2025-02-19

Renowned Keynesian polymath, Woody Brock, in a presentation given at the ADC Forum in 2012, advocated for government investment in profitable private sector infrastructure projects in order to generate income with which to combat rising deficits. Basing his arguments on Arrow and Kurz’s Public Investment, the Rate of Return, and Optimal Fiscal Policy (1970), he argued the following:We need a new investment bank with investors from around the world,...

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Trump Cannot Allow a Declining Europe to Drag the US Down

2025-02-19

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2025-02-19

Last week, leaders of European governments got very upset with the new Trump administration. First, Secretary of Defense Pete Hegseth said a return to pre-2014 Ukraine-Russia borders was an “unrealistic objective” in the coming peace negotiations and that European leaders shouldn’t assume American troops would be present on the continent forever.Then, Vice President JD Vance gave a speech at a security conference in Germany in which he admonished...

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Grove City’s Mises Archives Now Available Online

2025-02-19

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2025-02-19

Our friends at Grove City College have accomplished an incredible feat, digitizing their archive of Ludwig von Mises’s personal papers. In 1978, Hans Sennholz acquired this remarkable collection for the college from Margit von Mises and until this week, it was only accessible through a visit to Grove City.Anyone who has read Guido Hulsmann’s Mises: Last Knight of Liberalism has already experienced a taste of what is available within these papers,...

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Isaac Newton’s Place in the History of Economic Thought

2025-02-19

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2025-02-19

Isaac Newton is certainly one of the most important scientists in human history—mathematician, physicist, astronomer, philosopher, and theologian. In the second half of his life, he discovered the world of economic sciences, focusing on monetary economics. His story is not very different from the one of Copernicus. Newton put himself at the service of his country, studying coinage, to successfully solve the economic crisis which was afflicting it....

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Mortgage Markets and Crony Capitalism

2025-02-19

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2025-02-19

What is the Mises Institute? The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard. Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property...

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Sacrificing Truth on Leviathan’s Altar

2025-02-19

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2025-02-19

Last Sunday, 60 Minutes featured tyrannical German prosecutors boasting about persecuting private citizens who made comments that officialdom disapproved. Three prosecutors explained how the government was entitled to launch pre-dawn raids and lock up individuals who criticized politicians, complained about immigrant crime waves, or otherwise crossed the latest revised boundary lines of acceptable thoughts.In a craven slant that would have cheered...

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Could 1929 Happen Again?

2025-02-19

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2025-02-19

The 1929 Stock Market Crash led to the largest economic recession in modern world history. Today’s octogenarian Americans knew of the vast devastation started by the stock market crash from first hand witnesses—their parents.All Americans suffered. Those with assets lost all or a substantial portion of their portfolio. A third of workers lost jobs. Tens of thousands of firms went broke, including banks, retail stores and manufacturing plants. New...

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Downsizing Government

2025-02-19

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2025-02-19

In a bold and transformative move, President Donald Trump announced his administration’s intention to downsize the federal government by offering compensation to federal workers who voluntarily resign. This policy aims to enhance the efficiency of the American economy by reducing bureaucratic inertia and reallocating human capital to more productive sectors. While the proposal has sparked controversy, it represents a crucial step towards fostering...

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Trump’s Revival of Lincoln’s “Colonization” Plan

2025-02-18

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2025-02-18

Now that the US and Israeli military has bombed almost all of Gaza into a smoldering ruin and killed tens or hundreds of thousands of Palestinians, President Trump has proposed getting Jordan and Egypt to house the remaining Palestinians. He has threatened to withdraw US taxpayer “aid” to these countries if they do not accept his proposal. This is essentially a revival of Lincoln’s lifelong dream of deporting or “colonizing” all of the black people...

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Trade War with China Threatens America’s Bubble Economy

2025-02-18

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2025-02-18

Donald Trump’s coming trade war with China could ultimately topple the current US economic regime of monetary inflation which enables America’s bubble-monopolist capitalism. The road, though, is unlikely to be direct or smooth.Some trade warriors argue that the economic war with China will improve the prospects for US prosperity by stimulating onshoring of industrial activity.   Critics argue that, in so far as onshoring occurs there is likely to...

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Can We Really Cut Half of the Military Budget? You Bet!

2025-02-18

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2025-02-18

The wailing sound you heard last Thursday was the chorus of the Beltway warmongers shrieking in despair at President Trump’s suggestion that there was no reason for the United States to be spending one trillion dollars on “defense.”“…[O]ne of the first meetings I want to have is with President Xi of China and President Putin of Russia, and I want to say let’s cut our military budget in half. And we can do that, and I think we’ll be able to do...

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The Technocracy Movement and Howard Scott

2025-02-18

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2025-02-18

The 20th century was full of ideological movements. Were we to look at American-made political movements alone, we can see the Progressive Era, the New Deal, the several Civil Rights Movements coupled with 60s Radicalism, Reagan-era American Conservatism, and closing the century off with a weird mixture of Bush-Clinton-Bush-era Conservatism and Liberalism. One American-made political movement that is not talked about enough, however, is...

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